Exit from Digital Asset Funds
When we examine digital asset funds, we see that there is a total outflow of 435 million dollars. Thus, there has been a succession of money outflows for the past three weeks. As always, the highest rise occurred in Bitcoin with $423 million. When we analyze it on a coin basis, there was an outflow of $38.4 million in Ethereum. Additionally, there was an inflow of $4.1 million in Solana, $3.1 million in Litecoin, and $1.3 million in short-Bitcoin.
Integration Between Avalanche and Stripe
Stripe, a financial infrastructure platform, announced that it has started supporting Avalanche C-Chain. With this development, retail users will be able to purchase AVAX directly through Stripe. Core, Avalanche’s native ecosystem wallet and portfolio developed by Ava Labs, integrates Stripe’s onramp, giving users more ways to purchase assets on the Avalanche blockchain.
Additional Bitcoin Purchase from MicroStrategy in April
MicroStrategy on Monday released new figures on its Bitcoin holdings alongside its first-quarter 2024 earnings report. The quarterly report states that the firm owns 214,400 Bitcoins worth a total of $7.54 billion. Additionally, Michael Saylor revealed in a social media post that the firm purchased 122 more Bitcoins for $7.8 million in April.
Trading Started in Hong Kong Spot Bitcoin and Ethereum ETFs
Six spot Bitcoin and Ethereum ETFs rose in early trading in Hong Kong on Tuesday, with three Bitcoin ETFs rising more than 2% by midday, reflecting Asian investors’ interest in cryptocurrency holdings. Spot Bitcoin ETFs launched by China AMC, Harvest and Bosera gained approximately 2.6%.
Tether Invests $200 Million in Blackrock Neurotech
Tether announced the investment through its newly established venture division, Tether Evo, on Monday. With this investment, Tether became the majority shareholder of Blackrock Neurotech. Tether stated that the investment will help Blackrock Neurotech finance the commercialization and distribution of its medical solutions and support its research and development efforts.
Samourai Wallet Developer Released on Bail
Samourai Wallet developer Keonne Rodriguez has pleaded not guilty to the charges and will remain under house arrest until the hearing. His bail conditions include that he will be released in exchange for $1 million. Authorities arrested Rodriguez on April 24 and initiated extradition proceedings against Hill. While operating Samurai, Rodriguez and Hill allegedly seized $2 billion worth of Bitcoin in illegal transactions and facilitated $100 million in money laundering on the DarkWeb.
South Korea Seeks to Upgrade its Cryptocurrency Crime Unit
South Korea’s Ministry of Justice and the Ministry of Security and Public Administration are working to upgrade their anti-cryptocrime unit to the status of a permanent department, according to a local press report. Established in July, this unit consists of approximately 30 expert members and coordinates the activities of seven government institutions, including the Public Prosecutor’s Office, the Financial Supervisory Authority, the Financial Intelligence Unit and the National Tax Office.
Judge Signs $450 Million FTX-Voyager Agreement
A judge approved a ruling allowing FTX’s creditors to make a $450 million settlement. In an April 29 filing in the U.S. Bankruptcy Court for the District of Delaware, Judge John Dorsey approved the terms of a settlement between FTX and Voyager. The agreement allows Voyager to resolve all claims with FTX as part of a plan to compensate its creditors. If approved, $5 million in escrow from Voyager and additional funds related to a $445 million loan repayment lawsuit from Alameda Research would be released to FTX’s debtors. FTX will also waive all rights to these funds.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $63,152 with a 1.15% loss in value. There is still a horizontal band between $72,800 and $60,800. The middle region of the horizontal band, $67,000, is a critical area, and if there is a close above this level, increases up to $72,800 may be seen. For now, this area is working as resistance and the pullback continues. Since there was a rejection at $67,000, a retracement may occur up to $60,800. Yesterday, it fell below the $62,000 level, but it could not be sustained. In the short term, there is a horizontal area between $66,780 and 60,790. For now, there is a price movement towards $60,800.
ETHEREUM (ETH)
ETH is priced at $3160 with a 1.80% loss of value as of the morning hours. After rising to $3350, a retreat was observed. Permanence above $ 3100 has been achieved. $3200 is a critical region and a large breakout occurred, but it could not be sustained. If $3200 is gained, increases up to $3500 can be seen. For now, the intermediate support zone of $3150 is working well as support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5145 with a 0.12% loss in value. There is a horizontal channel between $0.46 and $0.55. There was a wick movement to the $0.56 level, but it could not be permanent. $0.50 is a critical level, and if it closes below this level, there may be a drop to $0.48. If $0.50 works as support, areas that could be resistance include $0.55 and $0.58. We see that $0.50 is currently working successfully as support.
AVALANCHE (AVAX)
AVAX is priced at $34.56 with a 2% loss of value as of the morning hours. There is a horizontal line between $40 and $31. It rose to $40 and was rejected. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. If the pullback continues, pullbacks up to $30 and then up to $28 may be seen. $33 is a critical zone and holds the price as support for now. If there is a loss here, a movement towards the $ 30 level may be seen.
SOLANA (SOL)
SOL is priced at $135.79 with a 1.45% depreciation as of the morning hours. When we examine the hourly chart, we see that there is a downward movement. At the same time, the 133-134 dollar region appears as a support zone. Movements above this region can be followed as resistance at $140, and with an upward break of the resistance area, a movement towards the $145 region can be seen. In case of a withdrawal, the movement may continue up to the $127 region with a downward break of the support zone.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 13,958, with a 0.82% loss in value. When we examine the hourly chart, we see that there is an upward reaction movement from the $ 13,800 region, which we follow as the support zone. With this movement, if there is persistence above the $ 14 level in the short term, we can see a movement towards the $ 14,400 region. In case of withdrawals, the $13,800 region, which is the reaction zone, can be followed as support.
WLD
WLD is priced at $4,776 with a 0.93% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $4.50 area is an important support area and there is an upward reaction from this area every time. In upward movements, the $5 region appears as resistance. If there is persistence above this region, the $ 5,500 region can be tested.
TRX
TRX is priced at $0.11998 with a 0.82% gain in value as of the morning hours. When we examine the hourly chart, we see that an upward price movement has occurred and the $ 0.11950 level, which we follow as the resistance zone, has been broken. If persistence is achieved above this region, a continuation of the movement can be expected and a movement towards the $0.12050 region may be possible. In case of withdrawals, the broken resistance zone, $0.11950, can be followed as support.
OUNCE OF GOLD
Ounce Gold is priced at 2323 dollars with a 0.54% loss of value as of the morning hours. When we examine the four-hour chart, we see that there is no persistence above the $ 2400 level and at the same time, the short-term rising trend line is broken downwards. If this withdrawal movement continues, the $ 2300 level and then the $ 2280 level can be followed as support. In upward movements, the 2380 and 2400 dollar regions appear as resistance. $2320 is working as support for now. If this level is lost, there may be a decline to 2300 dollars.
OUNCE OF SILVER
As of the morning hours, silver is priced at $26.78 with a 1.36% loss in value. When we examine the four-hour chart, we see that the $27 level, which we follow as the support zone, has been broken downwards. If this movement continues downwards, the $26.70 and $26.55 levels can be followed as support.
